The Entry of GM and Walmart into the Credit Card

question 68

Multiple Choice

The entry of GM and Walmart into the credit card business is an indication of ________.

• A) government's efforts to deregulate the provision of financial services
• B) the rising profitability of credit card operations
• C) the reduction in costs of credit card operations since 1990
• D) the sale of unprofitable operations by Bank of America and Citicorp

Recognize the role of culture and religion in shaping international business practices.

Understand the importance of international organizations and legal frameworks in facilitating and regulating international business.

Recognize the impact of political policies and economic factors on international business strategies.

Understand the concepts of global sourcing and its relevance in international business expansion.

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Definitions:

High-Growth Asian Economies

Asian countries that have experienced significant and rapid economic growth, typically through industrialization.

Federal Expenditures

Government spending or outlays, funded by tax collections and other revenues, on programs, projects, and activities.

Income Transfers

Payments made by the government to individuals without any expectation of goods or services being provided in return, aimed at redistributing wealth and reducing poverty.

National Defense

Governmental and military measures designed to protect a country from external aggression and threats.